March 15 (Bloomberg) -- Demand for soybean meal in China, the world’s biggest importer of soybeans, may increase in the second quarter, boosting consumption of the oilseed, Shanghai JC Intelligence Co. said.
Government measures to support hog prices will spur farmers to increase pig inventory and warmer temperatures in the spring will boost fish and shrimp farming, animal husbandry analyst Helen Huang said in telephone interview from Shanghai.
China’s soybean meal prices have fallen to the lowest in almost a year on declining hog inventory, paring margins earned by crushers and slowing imports of the oilseed. China last week said it may invoke stockpiling measures to bolster hog prices.
“I think in April to May we will see demand for soybean meal picking up,” Cao Hongrun, a feedstock buyer for Shunde Wanghai Feed Co., said by phone from Guangdong. “Government support does create a psychological support, and fish and shrimp farmers are preparing to seed their ponds.”.........more detail
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